Traders
SasanSeifi 💁♂️BTC/1W ⏭ $30.000 / $32.000⬆HI Everyone✌As you can see, after being rejected from the important $24250 range, BTC faced buying pressure by filling the FVG range and was able to grow to the $29000 range.
Currently, the price is trading in the range of $27500. Considering the failure of the important resistance of $25,250, we can expect the price in the long-term time frame, after a slight correction from the range of $25,300 / $24,600 / $22,900, to continue to grow up to the desired targets of $30,600 / $32,400.We have to see how the price will react to the support ranges. Otherwise,If the price penetrates below the $22,900 range, the possibility of further correction can be considered.
Keep in mind that for the $36,300 target, it is important to stabilize above the $32,000 range.
❎ (DYOR)...⚠⚜
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What Trader Needs Bitcoin Analysis: Technical and Fundamental Factors to Consider
Bitcoin, the world's first decentralized digital currency, has been the subject of much discussion and analysis since its inception. As with any investment, it's important to conduct a thorough analysis of Bitcoin before making a decision to buy, sell or hold. Here, we'll explore the technical and fundamental factors that can impact Bitcoin's price.
Technical Analysis:
Elliot Wave Theory is a popular technical analysis tool used by traders to predict market trends. According to this theory, Bitcoin is currently in the 5th wave of its upward trend, with a correction expected in the form of an ABC pattern. The correction is expected to be between the 22,000 and 20,000 range, making it a potentially attractive entry point for short-term investors.
Additionally, Fibonacci retracement levels of 0.50 and 0.618 can be used to measure the correction. While there is a possibility of Bitcoin falling below the 20,000 level, it's hard to predict given the unpredictable nature of the cryptocurrency market.
Fundamental Analysis:
Apart from technical analysis, there are several fundamental factors to consider when analyzing Bitcoin's price. The upcoming Bitcoin halving event is one of the most significant events on the horizon. Halving is an event that occurs every four years, wherein the number of new Bitcoins generated every 10 minutes is halved. This reduction in supply can lead to an increase in demand and subsequently drive the price up.
Additionally, geopolitical tensions can also have a significant impact on Bitcoin's price. The ongoing conflicts in Europe, Russia, China, Taiwan, Israel, and Iran can create uncertainty in the market and lead to volatility. Moreover, the reduction in the productivity of oil and gas by Saudi Arabia, UAE, and Russia can impact Bitcoin's price since it is often viewed as a hedge against inflation.
Conclusion:
In conclusion, Bitcoin analysis requires a holistic approach, taking into account both technical and fundamental factors. While technical analysis can help predict market trends, fundamental factors such as the halving event and geopolitical tensions can also impact the price of Bitcoin. Investors need to conduct their own research, understand the risks involved, and invest accordingly.
EUR/HUF Some Wild Swings. Not for the Faint of HeartDid y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or higher, I'll likely get back in and start building up to a standard lot. The reason, the Technicals (monthly head and shoulders with price almost completing the head), Fundamentals (over 25% inflation, 13% interest rates, Hawkish NBH and the possibility of increasing rates), and sentiment (news, articles, thoughts, analysts are pointing to a stronger HUF) are all inline and providing support for each other. This strengthens the probability for price to move lower. This heightens my conviction in building larger positions on this pair as this might be an opportunity that I don't want to miss. Of course I am going to build my position in blocks and not just place one max position. I am thinking though, that the price might push higher because of the coming up ECB Rate Hike. But I am also skeptical that price will hit 380 (so, I might place an entry at 380.50). What would be good is to build a position above the 380, build a max position to have my average position above the 380, see price push to around 375 and place a stop at 380 (one can only dream). So now it's the waiting to see what price wants to do.
SasanSeifi 💁♂️DOGEUSDT /LONG VIEW 👉1D ⏭0.095/0.10 🔼 HI TRADERS ✌The possible scenario of DOGEUSDT is specified.As you can see, the price was able to grow up to the range of 0.085 after slight fluctuations and collecting VOLUME. Currently, due to the breaking of the dynamic resistance, it is trading in the range of 0.082.
We can expect the price to grow again to the target range of 0.095/0.10 by maintaining the support range of 0.076/0.079 and pullback to the dynamic resistance range. 🔱
❎ (DYOR)...⚠⚜
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April 5, 2023 ES1! Morning analysis. Morning thoughts!
Going to be looking at fading extremes this morning unless we break and hold respected range swings. Also looking at taking shorts from above liquidity boxes. Looking at a long option if we test low range liquidity and give a good reversal signal.
Let me know what you guys think.
Have a good session!
SasanSeifi 💁♂️MANAUSDT /LONG VIEW 👉3D ⏭0.80/ 0.94⬆HI TRADERS ✌The possible scenario of MANAUSDT is specified.As you can see, the price faced buying pressure from the range of 0.29 and was able to grow by 170% until the supply area of 0.80. Currently, the price has been corrected by about 40% from the supply range and is trading in the range of 0.61.
The scenario that we can expect the price after slight fluctuation and VOLUME gathering by maintaining the range of 0.47 in the long term will grow again to the supply area of 0.80 and the FVG range of 0.94.considered the possibility of a new HIGH. . Then, by filling the gap, we will see the price correction.🔱
We have to see how the price will react to the 0.80/0.94 range.
Keep in mind that it is very important to maintain the range of 0.47.
❎ (DYOR)...⚠⚜
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AUD/NZD Uptrend setting up possibly. My prediction is that price will reverse upward from these lower levels. I've added an element in my algo to detect where price doesn't go in a given day. From backtesting and spending hours analyzing across multiple pairs, I can confidently say that price usually fulfills a set range before extending to lower or higher price levels. When it doesn't fulfill those prices especially over an extended period of time, there is a strong reaction when it comes back later. Especially much much later. I believe that I'm seeing that setting up here. If price doesn't come down and continues up instead, that's fine. I'm only comfortable buying when that level gets hit. It's definitely a setup I'd take even if I may be wrong. FX:AUDNZD
$ES - Key levels - will shorts be trapped??Weird day today with NYSE VOLD up all day while NASDAQ VOLDQ down all day. Clearly shown by the big range indecision movements.
Key level to watch for a potentially huge bull run
- $4011 area, a breakout could trigger a significant bull run and catch shorts off-guard
Any thoughts?
$SPY $SPX $ES $QQQ $NAS $NQ
SasanSeifi 💁♂️FTM/USDT 3D UPDATE✅ 55%😍🔥🔥HI TRADERS✌ As I expected. In the long term, after the correction, the price faced buying pressure from the 0.30 range and was able to grow more than 50%. 😍🔥🔥✅
Currently, the price is trading in the range of 0.45.
If the candle closes above the 0.44 range in the 3-day time frame, the possibility of price growth up to the 0.52 / 0.57 / 0.66 range can be considered.
We have to see how the price will react...
Maintaining the 0.30/0.33 range is important to continue the positive trend.
❎ (DYOR)...⚠⚜
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EURJPY Looking forward to a Short Position.The JPY has been currently gaining strength, as we head towards BOJ policy rate and USD news, There has been formation of triple top on the 4hr time frame, signifying an end of trend on the smaller uptrend that was moving to retest at 145. after a major uptrend break toward the sell side, therefore I'm eyeing a change in direction.
SasanSeifi 💁♂️ AMD/ 1D LONGTERM ⏭ $89/$97 ? ❗❗HI TRADERS ✌The possible scenario of AMD is specified. As you can see, after breaking the long-term downward trend, the trend started to grow up to the range of 89 and then with a slight correction, it was able to grow again from the range of $76.
It is currently trading in the range of $83.24 and is above the 60 EMA. We can expect the price to grow to the range of $89. We have to see how the price will react to the $89 resistance range. If it stabilizes above the range of $89, the next target is the range of $97.
Keep in mind that it is important to maintain the $75 support Zone for the continuation of the uptrend
let's see...
❎ (DYOR)...⚠⚜
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Bitcoin Shorting IdeaGood evening Traders,
We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
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Best
TraderCH
Yemi_FX1 | Short for NZDCADPrice broke out the bigger pattern but there's no progression,then price closed below followed by a tight bearish flag which signifies a continuation to the downside.
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
SasanSeifi 💁♂️NEAR/USDT 1D ⏭ $1.60 / $1.84? ❗HI Everyone✌. As you can see, the price corrected after buyers liquidated from the $2.70 range. Currently, there is a correction trend in the daily time frame. I expect that the price will be corrected up to the range of $1.80 /$1.60 and then we will see a positive fluctuation from the range of demand Zone.
We have to see how the price will react to the specified range.
The supply zone is the range of 2.22 / 2.30, if the price penetrates and stabilizes above the range of 2.22, the desired scenario will be fielded.
❎ (DYOR)...⚠⚜
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